Telefix Communications Holdings Inc. (TLFX)

[Tide Pool]

TLFX Q4FY-2014 Liabilities increased $172,167. ,Gross Revenues of $39,967 and Net Revenues $19,360 ???

Note the increase of Payroll Tax Liabilities of $14,771 with
Compensation & Benefits - $70,696 and Direct Labor - $1,979 ???

Q4 Cash $255,471 is mostly locked up and has been steady from Q1 debt instrument and Certificate of deposit caused by increase of credit line.

e) In Quarter 1, FYE 6/30/14, the Company received an additional investment of $220,000 via debt instrument from a private investor.
f) Q1-The Company’s existing line of credit was increased to $250,000 and is secured by a $250,000 Certificate of Deposit; secured with private investor’s funds

http://www.otcmarkets.com/financialReportViewer?symbol=TLFX&id=116371

FY2014 LIABILITIES

Total Liabilities
Q1 - $ 854,802
Q2 - $ 785,852
Q3 - $ 868,563
Q4 - $1,040,730

Accounts Payable
Q1 - 253,990
Q2 - 155,422
Q3 - 166,747
Q4 - 199,535

Payroll Tax Liabilities
Q1 - 42,353
Q2 - 60,206
Q3 - 77,645
Q4 - 92,416

Factoring Liabilities
Q1 - 18,921
Q2 - 16,000
Q3 - 16,000
Q4 - 23,267

Accrued Expenses
Q1 - 11,471
Q2 - 3,969
Q3 - 0
Q4 - 9,630

Line of Credit/Loans/Debts
Q1 - 249,331
Q2 - 250,630
Q3 - 253,316
Q4 - 284,865

Shareholder Loans Payable
Q1 - 25,000
Q2 - 25,000
Q3 - 25,000
Q4 - 25,000

Related Party Payable
Q1 - 5,000
Q2 - 0
Q3 - 0
Q4 - 5,000

Notes Payable
Q1 - 248,740
Q2 - 274,625
Q3 - 330,855
Q4 - 401,018

http://www.otcmarkets.com/financialReportViewer?symbol=TLFX&id=111833
http://www.otcmarkets.com/financialReportViewer?symbol=TLFX&id=116371
http://www.otcmarkets.com/financialReportViewer?symbol=TLFX&id=120989
http://www.otcmarkets.com/financialReportViewer?symbol=TLFX&id=125435